Tokenization of Loyalty Points

FIDELITY – Blockchain marketplace based on tokenization of loyalty points is the future of customer retention. The desire of a customer to earn and redeem is well addressed in our Blockchain marketplace solution, FIDELITY. In a typical customer set, as per statistics, only 24% of the shoppers use the reward they earn across the spectrum of programs subscribed. Common reasons float on the challenging process of voucher redemption, limited product and merchant portfolio to choose from and inefficient customer experience.

On the other side, loyalty providers face countless issues of cumbersome merchant onboarding, countless reconciliation & settlements whenever their loyalty system is used for a merchant and henceforth always a limitation on scalability at an ecosystem level. Merchants are not pardoned as well in the current system with challenges of limited product visibility on catalogs (owing to issues of data sync, catalog refresh) and complexity to execute a sale on the loyalty/ reward app.

With the above context, FIDELITY is a well-thought solution by the industry experts overcoming all the relevant issues faced by users. The marketplace running on state of the art Blockchain technologies creates a distributed ledger for loyalty providers, merchants. Uploading catalogs, sync of data, loyalty commerce, reconciliation and settlements become a piece of cake with automated smart contracts and in-built consensus algorithms. Customers get an edge on experience with the use of Dapps where purchases are made seamlessly with no hassle of voucher systems, redemption using physical copies as if it’s a usual online retail app.

Blockchain Marketplace is the idea of creating a global marketplace on a futuristic Blockchain ecosystem bringing rewards closer to sales.

Hybrid token commerce

Front end / Backend Dapps for everyone

Hassle free merchant onboarding and accounting types

Scalable marketplace architecture

Real-time product catalogue for customers

Explore It

What's Inside Fidelity

Ready-made Products

Through our years of innovations across multiple industries, we have developed ready-made products that can help organizations evolve and move towards Blockchain based ecosystems

Demystifying The Future

Explore Other Blockchain Products

ASSURE

BANK TRUST NETWORK

Bank Trust Network solution, based on the Blockchain technology, is a next-gen solution to an age old problem of document exchange, verification and compliance within banks, its customers and beneficiaries.

INSTACHAIN

TOKENIZATION OF LOYALTY POINTS

Avanza’s Blockchain based Reconciliation & Settlement Platform is an inter-organization solution that helps organizations reconcile financial and non-financial transactions and records in real time through a trust based network.

NEXTRADE

PROCURE TO PAY

Procure to Pay is a Blockchain based solution designed and developed by Avanza to cater generational issues of transparency, trust and efficiency in the value-chain of procurement.

Subscribe to our mailing list